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Survey: More Consumers Willing To Switch banks

First Posted: 07/03/10 06:12 AM ET Updated: 05/25/11 05:20 PM ET

Big Banks
More consumers are willing to leave their bank

Los Angeles Times:

Like them or not, banks can be hard to leave. Who wants to transfer accounts, get used to new branch locations or master a different online banking system?

But consumers increasingly are willing to unglue themselves from what bankers call "sticky" relationships, according to a retail bank survey released by J.D. Power and Associates Inc. last week. It found a growing belief that banks are driven only by short-term profit goals, and that they often overlook basic services such as keeping branches clean and explaining fees to customers.

Read the whole story: Los Angeles Times

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Filed by Julian Hattem  |